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Bearish bets across US stocks are surging to a record in the face of market gains, reflecting anxiety about the staying power of a rally that has seen the S&P 500 jump 18% from late March. Short interest in S&P 500 Index stocks is sitting steps away from 3.79% of free float, an all-time high in data tracked by S3 Partners LLC going back to 2010. For the Russell 3000 companies, the figure has recently climbed to 6.3%, a record. While betting against stocks has generally been a losing proposition this year, short sellers are sticking to their guns as worries about the payoff from artificial intelligence investments keep rattling the markets. Concerns about AI-related spending and competition from China sent the S&P 500 down 1.6% last week. Tom Thornton, President at Hedge Fund Telemetry, joins Bloomberg Businessweek Daily to discuss market sentiment and his call in late May about pressure and leverage in Korean equities.

General Motors CFO Paul Jacobson discusses second-quarter earnings that topped estimates and saw the automaker raise its full-year profit forecast by another $500 million. Jacobson also discusses product demand and managing tariff and inflationary pressures on "Bloomberg Surveillance."

The UK is hosting the Farnborough International Air Show, a key gathering of leaders in the aerospace industry. Wes Streeting, the new UK Defence Secretary, is in charge of delivering Britain's recent Defence Investment Plan as part of which the UK government has set aside an additional £3.2bn for space capabilities. But how well prepared are the UK and its allies to operate in the warfighting domain of the future? Robert Lightfoot, President of Lockheed Martin Space, joins Caroline Hepker and James Woolcock on Bloomberg Radio to discuss.

The US and Iran exchanged strikes for a 10th consecutive day as the US targeted Iranian military command centers, launch sites, and air defenses overnight, and Iran attacked sites in Kuwait and Jordan. Tyler Kendall reports on Bloomberg Television.

Francisco Blanch, commodities and derivatives research head at BofA Securities, says the pain points in the global oil market are being shown in gasoline and diesel prices per barrel and discusses what a potential blockade of the Red Sea can mean for the global market.

Julian Emanuel, chief equity and quantitative strategist at Evercore ISI, explains why he expects tech earnings to drive the next round of market gains.

Taiwan Semiconductor Manufacturing Co. has discussed price increases with clients of as much as 10% for chips in 2027 to cover the rising cost of manufacturing materials, the Nikkei reported. Matthew Bloxham of Bloomberg Intelligence has more.

Anna Edwards, Tom Mackenzie and Adam Linton break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."

Max Kettner, chief multi-asset strategist at HSBC, discusses the outlook for equities and potential risks to his "max bullish" stance. "Ahead of the midterms, after the earnings season, in a month, month and a half, I think that's probably the time where you want to take a little bit of your foot off the gas," Kettner tells Bloomberg Television.

A security exploit targeting Wanchain's Cardano bridge has resulted in the theft of approximately 5.15 million NIGHT (CRYPTO:NIGHT) tokens worth about US$9 million.

HashKey has announced a partnership with KBANK and BPMG to advance stablecoin payment services in South Korea through a new blockchain-focused collaboration.

A Taiwan court has sentenced the alleged leader of the CoinThink cryptocurrency investment fraud to 22 years in prison after finding him guilty of running a large-scale scam involving Tether (CRYPTO:USDT).